1947 Oil & Gas starts AIM trading after raising £50 million

Sep 28, 2026 04:08 (26d ago)

1947 Oil & Gas PLC began trading on London’s AIM market after completing Renaissance Offshore’s acquisition.
The company raised £50 million and began trading at a £65 million valuation.
Renaissance Offshore contributed producing assets across 11 Gulf of America fields.

1947 Oil & Gas PLC began trading on London’s AIM market with a £65 million valuation after raising £50 million through a share issuance. The company has completed its acquisition of Renaissance Offshore, a Houston-based operator, gaining producing assets in 11 Gulf of America fields. The transaction was previously described as a planned $65 million acquisition.